Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I've started to think of satoshis in terms of being .1 cents when trying to calculate value. That is how much they will be worth when the price is $100k.
I spent a few years thinking of BTC in terms of $1k/BTC when the ATH was $260. I knew it would reach that number and when spending or buying BTC I thought of it in those terms. I recall reading a reddit thread of someone doing the same thing.
So now I am treating BTC as being worth at least $100k and acting accordingly. When I have to sell to pay for something I am keeping in the back of my mind that I'm selling at 50% off at these low prices.
At $100k/BTC 1k satoshis is one dollar. I'm fine with adopting sats as the standard with that in mind. $10 is 10k sats, a $25 meal is 25k sats.
Your idea is fine, but your maths and science suck. #justsaying
Might need to go to proudhon maths and sciences school
If it currently costs more than 2k satoshis to get a dollar, then it is going to cost a wee bit less than 1k satoshis at $100k, and 100 satoshis at $1million. In other words, we need to get to around $100million per BTC for a satoshi to be worth $1 and 100x that for a satoshi to be worth a penny, so around $10billion per BTC we will have satoshis equal to a penny-ish.
Am I wrong in my maths and sciences? or do we get to a dollar per satoshi when we get to $100k.. a mere doubling causes a 2,000x increase in price?
You math is on but your eyeballs are off. He tricked me too.
Quote
I've started to think of satoshis in terms of being .1 cents
That is, at 100k sats are a tenth of a cent.
Uh, guys..
Triple zero-10k
.000 10000
.00000000
For one Satoshi to equal 1 penny then 100 satoshis would equal 1 dollar..
0.00000100=$1 then 1.00000000 = ??
(1X1)/0.000001=$1,000,000
How convenient..
@ the Bitcoin price of $1,000,000 ($1mm / $1million), 1 Satoshi = 1/100$ or 1 cent..
Million bucks = satoshis are pennies..